[cnxvideo id=”655420″ placement=”ros”]May 12, 2017: Here are four stocks trading with relatively heavy volume among 118 equities making new 52-week lows in Friday’s session. On the NYSE, decliners led advancers by about 9 to 7 and on the Nasdaq decliners led advancers by about 4 to 3.
J.C. Penney Co. Inc. (NYSE: JCP) posted a new 52-week low of $4.50 on Friday, down nearly 15% compared with Thursday’s closing price of $5.29. The stock’s 52-week high is $11.30. Volume totaled more than 71 million shares, nearly 4 times the daily average of 18.9 million. The company posted weak results Friday morning.
General Electric Co. (NYSE: GE) dropped about 3.5% Friday to post a new 52-week low of $27.85 after closing Thursday at $28.87. The 52-week high is $33.00. Volume of around 51 million shares was approaching double the daily average of around 29 million. The company’s stock was downgraded this morning at Deutsche Bank from Hold to Sell.
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Ford Motor Co. (NYSE: F) dropped about 1% Friday to post a new 52-week low of $10.90 after closing at $11.01 on Thursday. The stock’s 52-week high is $14.04. Volume was about 30% below the daily average of around 39 million shares. The company had no specific news Friday.
Macy’s Inc. (NYSE: M) dropped about 3% Friday to post a new 52-week low of $23.60 after closing at $24.35 on Thursday. The stock’s 52-week high is $45.41. Volume of more than 16 million was more than double the daily average of around 7 million shares traded. The department store company reported weak quarterly results Thursday morning and investors are not finished administering punishment.
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